ENTRY: 156.53
SL: 151.94
TP1: 162
TP2: 167
- ADX<20. Would like to be higher.
- RSI>50.
- Reacted well to pivot point "P" by bouncing off twice.
- Entry based on breakout from VZ yesterday.
- Strength meter shows weakness so entered with lower risk.
PEP jumped up high after last earning report, at the moment its consolidating in the weekly and daily time frame. Hoping to see another run up after OCT 4th earnings. Buy in when it hits support level end of month.
Historic:
08/18/2021 (dd-mm-yy)
Fear & Greed Index: 37
Mid-term forecast (1-3 weeks):
If price breaks the 158-159 resistance, a resumption of a strong uptrend is expected.
Aiming at 163.
If the support at 153-154 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 153 level is broken in the medium...
The PEAD projected a Bullish outlook for $PEP after a Positive Under-reaction following its earnings release placing the stock in drift A
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Looks good for longs in this area below green, stoploss below white targets are lines above - this is not financial advise. dont blindly follow these trades they are for record keeping only.
Breakouttrade
Entry: Closing price above 147.20$ in combination with a high volume
Stop: 143$
Stopmanagement: ATR Stop daily chart default settings
Description: The price is approaching a significant resistance level which already happened in late 2020 where it was rejected from it. Although it closed above it the low volume indicated a false...
Handle low (HL) and MidCup are very close (MC) so there should be a lot of support in this zone.
No recommendation
3 Black Crows is a bearish candlestick pattern. They can appear when price is moving up. Candles 2 and 3 should open within the body of the prior candle so they have some overlap. All 3 should close near their low, making new lows along the...
